With his work at One Hanson Place almost done, Magic Johnson is expanding his Brooklyn portfolio to Greenpoint with the purchase of a 65-by-100-foot lot at 110 Green Street. Johnson and his partners ponied up $10.48 million for the two-story factory last summer and will be pulling down an additional $41 million construction loan to build the six-story, glass-clad condo. “We are believers in Brooklyn as a place that is economically growing, healthy, entertaining and the place to be,” Johnson said yesterday in a statement announcing the deal. The developers said theapartments “are designed to appeal to a diverse and growing group of single working individuals and young families” priced out of Manhattan.
Magic in Brooklyn [NY Post] GMAP P*Shark